The (USDCAD) price rose in its last intraday trading, benefiting from leaning on EMA50’s support, gaining some bullish momentum, especially with the dominance of short-term bullish corrective trend, on the other hand, we notice the emergence of negative signals from relative strength indicators, reducing the chances of sustainable recovery on near-term basis.

The (USDJPY) declined in its last intraday trading, which was marked by volatility amid emerging negative signals from the relative strength indicators after reaching heavily overbought levels. The pair is attempting to regain positive momentum that could help it recover and move higher again.

This comes as the short-term corrective bullish trend remains dominant, with price movements alongside a supportive trend line. In addition, ongoing dynamic support is present as the pair continues to trade above EMA50, which enhances the chances of further upside in the near term.

GBPUSD declined in its last intraday trading, after its previous rebound due to the stability of 1.3280 support, which has been an expected target in our previous analysis, to offload its oversold conditions on the relative strength indicators, to retest the key resistance at 1.3365. which makes the pair surrender to the negative pressure again, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path. 

Bitcoin price (BTCUSD) moved higher in its latest intraday trading, stabilizing above the $68,000 resistance level after breaching it, which represents an important technical signal reflecting the strength of the current buying momentum. The price is also drawing dynamic support from trading above EMA50, reinforcing the continuation of positive momentum.

This improvement comes alongside emerging positive signals from the Relative Strength indicators, supporting the ongoing short-term corrective bullish wave and keeping the chances of extending gains intact unless sudden signs of weakness appear.

Therefore, we suggest a rise in BTCUSD in its upcoming intraday trading, conditioned by its stability above $68,000, to target the key resistance at $72,000.

Expected trading range is bewteen$66,000 support and $72,000 resistance.

Today’s forecast: Bullish